Incredible turn-key investment opportunity on the edge of downtown Ferndale! 12 new construction zero lot line townhomes (3, 4 unit buildings) 2 beds 1.5 baths, 2 decks & deep (1.5 car) garage. Space for a car plus workshop/storage. Highly efficient units features heat pumps w/AC. Private washer/dryers. Leases are signed & management company is available to manage everything. Building improvements have 8-year tax exemption, so very low expenses. This is new construction with over a 6% cap rate! Versatile investment as these can sell as separate units. Walking distance to parks, schools, downtown & close to I-5 access. Fannie Mae guidelines now allow investor financing w/as little as 5% down! All 3 buildings available separately as well.
Off market
$2,685,700
2009-2047 Salam Loop, Ferndale, WA 98248
--beds
--baths
12,000sqft
Multi Family
Built in 2022
-- sqft lot
$2,685,700 Zestimate®
$224/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Source: John L Scott Real Estate,MLS#: 2146610
Facts & features
Interior
Heating
- Electric
Features
- Cable Ready
- Flooring: Carpet
Interior area
- Total structure area: 12,000
- Total interior livable area: 12,000 sqft
Property
Features
- Patio & porch: Deck
- Has view: Yes
- View description: City, Territorial
Lot
- Size: 0.39 Acres
Details
- Parcel number: 3902200240150000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Composition
Condition
- Year built: 2022
Community & neighborhood
Location
- Region: Ferndale